Dow Jones Industrial Average at the BOTTOM ?

Checks on Dow Jones Industrial Average (DJIA) from the previous week trading until this week trading suggest that the bottom (short term) should be form already. From the bad news to the worst news, from almost collapse of Fannie Mae and Freddie Mac, the largest US purchasers of mortgages to a collapse of US 10th largest bank, IndyMac Bank.

The Dow Jones Industrial Average fare the battle in a hoo-haa situation for a weeks before it settle down. A look at the charts on DJIA, the index has drop from previous high of 13,179.97 points (19.05.2008) to 10,731.96 points (17.07.2008). In just took about two months for the index to drop -2,439.01 points. Yesterday the Index climb +276.74 points to close at 11,239.82 points. Do you think a rebound will happen in the first place ? ..................????

If the DJIA did form a bottom at this point, chances for the world market to rebound will be there ? Will KL Composite Index join the Band Wagon ?

A careful technical approach on news and analyst on the current Crude Oil prices need to be included in order to make a wise decision. (from the chart of the Crude Oil prices until 16.07.2008, suggest that the Crude Oil prices are heading south) - will the price go down ? Many analysts still searching for that answer. If the price of the Crude Oil still going down watch for the share of Airlines Industry.

Tension between Israel and Iran. More financial problem will exits in US market. Some even suggest who is going to be the next Bank to collapse after IndyMac Bank. More reports on losses occur from the sub-prime crisis from the big banks and etc…. These are the negative impact that should be included in our judgement and decision.